EURUSD: SELL 1.1415, SL 1.1445, TP 1.1360 | 12 June 2025

An event to watch out for today:

15:30 EET. USD - Consumer Price Index

EURUSD:

EUR/USD is losing ground after rising during the previous two sessions, trading around 1.1410 during Asian hours on Wednesday. The pair is devaluing as the US dollar is supported by easing tariff tensions between the US and China.

US Commerce Secretary Howard Luttin on Tuesday proposed possible solutions with China and noted that the two countries had reached a framework agreement on the implementation of the Geneva Consensus. Chinese Vice Minister of Commerce Li Chenggang said that the communication with the US was rational and frank, and that he would report on the framework agreement to the Chinese leadership. However, according to Bloomberg, officials on both sides will seek approval from their leaders before implementing the agreement.

US Treasury yields remain stable as traders remain cautious ahead of inflation data releases. The consumer price index (CPI) report is expected to provide insight into the impact of recent tariffs on the economy and overall inflation trends. At the time of writing, the yields on 2-year and 10-year US Treasury bonds are 4.01% and 4.46%, respectively.

Last week, the European Central Bank (ECB) cut its rate by 25 basis points, bringing borrowing costs to their lowest level since November 2022. In addition, the central bank also revised its inflation forecasts for 2025 and 2026 downward, indicating that it is nearing the end of the current easing cycle.

Trading recommendation: SELL 1.1415, SL 1.1445, TP 1.1360

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